Patient Derived Xenograft Model Market Size Worth USD 0.75 Billion by 2032 at 13.30% CAGR
Research Reports
Sep 29, 2023
Patient Derived Xenograft Model Market Trends and Insights by Tumor Type (Lung Cancer, Pancreatic Cancer, Prostate Cancer, Breast Cancer and Other Cancer), by Model Type (Mice and Rats), by End-User (Pharmaceutical and Biopharmaceutical Companies, Academic & Research Institutes and CROs & CDMOs) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World), Competitive Market Growth, Size, Share and Forecast to 2032
Patient Derived Xenograft Model Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), “Patient Derived Xenograft Model Market Information by Tumor Type, by Model Type, by End-User and By Region – Forecast Till 2032, the market is projected to grow from USD 0.279 Billion in 2023 to USD 0.759 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.30% during the forecast period (2023 – 2032).
Market Scope:
The patient-derived xenograft (PDX) model market is anticipated to experience rapid expansion in the coming years, revolutionizing preclinical cancer research and personalized medicine. Patient-derived xenograft (PDX) models are a valuable tool in biomedical research, wherein immunodeficient mice are implanted with tumor tissue obtained from patients. These models effectively mimic the intricate nature and diverse characteristics of real cancers, hence facilitating more precise drug testing and the advancement of therapeutic interventions.
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Patient Derived Xenograft Model Market Competitive Dynamics:
Key Companies in the Patient derived xenograft model market include Charles River Laboratories, The Jackson Laboratory, Crown Bioscience, Altogen Labs, Envigo, WuXi AppTec, Oncodesign, Hera Biolabs, XenTech and Abnova Corp.
Patient Derived Xenograft Model Market Trends:
Market Drivers
The demand for patient-derived xenograft (PDX) models is expanding due to an increase in research and development (R&D) investments in the field of cancer. Stakeholders hailing from academia, pharmaceutical companies, and research institutions are allocating substantial financial resources towards enhancing our comprehension of cancer biology and expediting the progress of innovative therapies. This is in response to the escalating burden of cancer and the increasing need for more efficacious treatment options. The increased expenditure on research and development has a considerable influence on the adoption and growth of the PDX model industry.
Market Restraints
Nevertheless, the market growth is anticipated to be somewhat limited because to the considerable operating expenses linked to the patient derived xenograft (PDX) paradigm.
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COVID-19 Analysis:
Amidst the COVID-19 pandemic, the progress of cancer research was impeded due to a predominant redirection of resources towards the development of pharmaceutical interventions for COVID-19. In the aftermath of the pandemic, it is being observed that a significant portion of researchers’ attention has been directed on the advancement of novel therapeutic approaches for the treatment of cancer. This is anticipated to facilitate the expansion of the sector.
Patient Derived Xenograft Model Market Segmentation:
Tumor Type Insight
In 2022, the market was predominantly influenced by the breast cancer category. The therapeutic paradigm for certain subtypes of breast cancer has undergone significant transformations as a result of the introduction of targeted therapies such as HER2-targeted drugs and hormone therapy.
Model Type Insights
In the fiscal year of 2022, the category of mice had the highest revenue generation. Mice are frequently employed as hosts for patient tumor tissues because to their biological relevance and somewhat stronger genetic resemblance to humans compared to other animal models.
End-use Insight
In 2022, the market was predominantly led by the Contract Research Organizations (CROs) and Contract Development and Manufacturing Organizations (CDMOs) sector. When evaluating the financial implications, it is essential to compare the expenses associated with outsourcing PDX model-related research to Contract Research Organizations (CROs) and Contract Development and Manufacturing Organizations (CDMOs) against the costs of establishing and maintaining in-house expertise.
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Patient Derived Xenograft Model Market Regional Analysis:
In 2022, the North America Patient Derived Xenograft Model Market held a significant majority share of 45.80% in this market. The North American region hosts a substantial pharmaceutical industry, with a predominant presence in the United States. The need for patient-derived xenograft (PDX) models mostly stems from this segment of the economy. Pharmaceutical companies in North America rely on PDX models for their exceptional ability to accurately replicate human tumor responses, owing to the continuous need for innovative treatment alternatives. This fosters the establishment of research collaborations and cooperation with academic institutions, hence facilitating the expansion of the market for patient-derived xenograft (PDX) models.
The European market for patient-derived xenograft models holds the second-largest market share. The spread of the PDX model in Europe is primarily propelled by multinational collaboration. European nations actively endorse and facilitate cross-institutional collaboration, hence fostering significant exchange of information and pooling of resources for research including the PDX model. The prevalent culture of collaboration fosters a dynamic research environment in which the flow of ideas and information is openly facilitated, hence expediting the advancement of PDX model technology and its practical applications.
The market for Asia-Pacific Patient Derived Xenograft Models is projected to exhibit the highest compound annual growth rate (CAGR) during the years 2023 and 2032. The significant growth of the biotechnology sector in the Asia-Pacific region has played a pivotal role in driving the expansion of the PDX model market in this area. Several countries, such as China, Japan, and South Korea, have made substantial expenditures in the development of medication and research in the field of life sciences. The emergence of biotechnology has rendered PDX models indispensable in the realm of preclinical drug testing and cancer research.
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